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Cramer's 'Mad Money' Recap: Next Week's Game Plan (Correct)

Also making the shopping list, mortgage insurers such as
Radian(RDN) and
Genworth Financial(GNW), along with
Hartford Financial(HIG), an Action Alerts PLUS name.

Then there's tech, said Cramer, with
Microsoft(MSFT) trading at just 12 times earnings and
EMC(EMC) also seeing low valuations. In the auto group, Cramer said both
Ford(F) and
General Motors(GM) will be buoyed by a recovering Europe.

In still other sectors, Cramer liked
ConocoPhillips(COP) and
Schlumberger(SLB) in the oil patch, and
US Airways(LCC) as the "best in show" airline. He also remained bullish on
Eaton(ETN),
General Electric(GE) and
Caterpillar(CAT) among the industrial stocks.

Cramer 'Likes' Facebook's Call

Which company had the single best earnings call this quarter? Cramer said it was
Facebook(FB - Get Report), another Action Alert holding and a company that saw a 38% jump in revenue this quarter.

Cramer said practically every metric that matters was sharply higher at Facebook, which is now seeing accelerating, not decelerating, revenue growth. He said the bear case against this stock is falling apart as the company is not only growing its mobile traffic, but monetizing it. All of these efforts, he said, will turn into huge profits once the company is done investing in its infrastructure and growth.

Just how big is mobile at Facebook? Cramer said it represented 0% of revenue when the company came public but it now tops out at 30%, a huge secular shift as people abandon desktop computers for tablets and smartphones.

Facebook plans to spend $1.8 billion on capital expenditures, noted Cramer, adding there simply aren't many stocks like Facebook out there. With that, shares are only up 6% for the year and trade at 36 times earnings estimates, which are far too low.

Cramer was also bullish on
LinkedIn(LNKD - Get Report), a company he said will also flourish over the longer term once investors stop focusing on present day shortfalls.

Lightning Round

In the Lightning Round, Cramer was bullish on
Pennsylvania Real Estate Investment(PEI).